Sat Sep 19, 2020 20:26:24
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Approved at the session of NDFI Board of Trustees chaired by Dr Rouhani;

Supervisory board’s report ending in March 20, 2019 approved/ Members agree to grant complementary loans to rural projects

The Board of Trustees of the National Development Fund of Iran (NDFI) convened on Tuesday in a session that was chaired by the President Hassan Rouhani.

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Tue 18 - February 2020 - 13:06

The meeting approved the report of the National Development Fund’s Supervisory Board ending in March 20, 2019 and set the interest rate for the loans granted by the National Development Fund based on Supreme Leader’s demand.

The board also agreed to grant complementary loans to rural projects receiving loans from the National Development Fund resources under the Rural and Tribal Employment Protection Act, which received their former facilities by the end of year 1397.

At today's meeting, the Board of Trustees of the National Development Fund decided that all transactions of the fund to be converted into rials based on the NIMA exchange rate.

The members of the board further agreed to extend the financing period of the National Development Fund to the Islamic Republic of Iran Shipping Company for a period of 4 years.

news id: 113916

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